SPI127
ActiveThe computed 12-month bankruptcy probability of SPI127 is 2.5% (moderate). The 2025 annual accounts show negative equity (€-39k) and a net result of €-26k. Equity is shrinking by ~63.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 719 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-1
Solvency24▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.87 in 2024; short-term debt: 2.8% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.4%
Return on assets
-1%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
91 d early
2023
13 d early
2022
52 d early
2021
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-39k▼ 204%
2024 · €-13k
2021: €41k
2022: €33k
2023: €6k
2024: €-13k
2021 → 2025
Total assets
€2.72M=
2024 · €2.72M
2021: €1.03M
2022: €1.37M
2023: €2.00M
2024: €2.72M
2021 → 2025
Net result
€-26k▼ 42.6%
2024 · €-18k
2021: €-9k
2022: €-8k
2023: €-28k
2024: €-18k
2021 → 2025
Working capital
€-8k▲ 16.6%
2024 · €-9k
2021: €350k
2022: €691k
2023: €1.24M
2024: €-9k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€33k▼ 18.7%€6k▼ 83.4%€-13k€-39k▼ 204%
Operating result€-3k-€-2k▲ 30.1%€-23k▼ 926%€4k€-242
Net result€-9k-€-8k▲ 13.3%€-28k▼ 262%€-18k▲ 33.7%€-26k▼ 42.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €242 after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.72M
Fixed assets
€2.65M▼ 0.2%
Current assets
€69k▲ 9.0%
Key figures and ratios
EBITDA
€4k▼
2024 · €9k
Cash flow
€-22k▼
2024 · €-14k
Solvency
-1.4%▼
2024 · -0.5%
Current ratio
0.90▲
2024 · 0.87
Quick ratio
0.90▲
2024 · 0.87
Debt / equity
-70.15
ROA
-1.0%▼
2024 · -0.7%
Interest coverage
0.17▼
2024 · 0.21
Debt
€2.76M▲
2024 · €2.73M
Debt ≤ 1 year
€76k▲
2024 · €72k
Debt > 1 year
€2.57M=
2024 · €2.57M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.72M€2.72M=
Fixed assets21/28€2.65M€2.65M▼
Tangible fixed assets22/27€37k€33k▼
Plant, machinery and equipment23€37k€33k▼
Financial fixed assets28€2.62M€2.62M=
Current assets29/58€63k€69k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€23k€34k▲
Trade receivables40€23k€34k▲
Cash at bank and in hand54/58€40k€34k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.72M€2.72M=
Equity10/15€-13k€-39k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-63k€-89k▼
Amounts payable17/49€2.73M€2.76M▲
Amounts payable after more than one year17€2.57M€2.57M=
Financial debts170/4€2.57M€2.57M=
Other amounts payable178/9€462€362▼
Amounts payable within one year42/48€72k€76k▲
Trade debts44€69k€74k▲
Suppliers440/4€69k€74k▲
Taxes, remuneration and social security45€2k€900▼
Taxes450/3€2k€900▼
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€87k€110k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€10k€5k▼
Operating profit (loss)9901€4k€-242▼
Financial income75/76B€20k€0▼
Recurring financial income75€20k€0▼
Financial charges65/66B€43k€26k▼
Recurring financial charges65€43k€26k▼
Profit (loss) for the period before taxes9903€-18k€-26k▼
Profit (loss) for the period9904€-18k€-26k▼
Profit (loss) for the period to be appropriated9905€-18k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€-89k▼
Profit (loss) brought forward from the previous period14P€-44k€-63k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity times 7current ratio 7472.29
Current ratio from 1069.88 to 7472.29; short-term debt falls from €327 to €93.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 127A2018 AntwerpenGround area
2,444 m²
Building footprint
1,584 m²
Volume, LiDAR
27,626 m³
2 parcels, Flanders · tallest building 27.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SPI127
since 20202.310.776.065
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1416/00L000 | Flanders | 1,492 m² | 1 · 815 m² | 27.8 m · 6 fl. |
| 11811L3674/00F002 | Flanders | 952 m² | 1 · 769 m² | 25.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0842.217.445
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SAFA TRANSPORT
BE 0767.885.652
Zaventem · Eq €5k
S.O.S CARROSSERIE
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Of 1,723 companies in sector 52210 we hold annual accounts for 770. 266 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end30-09
Activities, NACEBEL
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.